Overview
What is Our Saviours Lutheran Development Corp Co Caring Housing Ministries?
Our Saviours Lutheran Development Corp Co Caring Housing Ministries is a nonprofit organization situated in Glendale, California. With an address at 800 N Brand Blvd Floor 19, they specialize in providing low-income senior housing, accommodating around 104 residents. The organization offers a secure living environment, complete with in-house laundry facilities, and engages in activities tailored to the elderly's interests, contributing to their overall well-being. This nonprofit receives a significant portion of its rental income from HUD's Section 8 Housing Assistance Program, ensuring affordable and supportive housing for the elderly.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
Our Saviours Lutheran Development Corp Co Caring Housing Ministries has received a solid Three-Star rating from Charity Navigator, indicating a strong level of accountability and financial health. The charity's overall score reflects its high performance in the Accountability & Finance beacon, with a score of 86%. This rating underscores the organization's commitment to transparency and responsible management of its financial resources.
The nonprofit boasts an entirely independent board, with all eight members meeting the independence criteria. This governance structure is complemented by robust oversight mechanisms, including a well-functioning Audit and Oversight Committee. Additionally, the organization has shown a commendable track record of no material diversion of assets, ensuring donor funds are used appropriately.
While the organization excels in its accountability measures and financial ratios, it is important to acknowledge that the rating is based exclusively on the Accountability & Finance metrics. Prospective donors and stakeholders should consider exploring further aspects of the nonprofit's impact and effectiveness in achieving its mission beyond financial measures alone.
This AI summary has been generated from information found on Charity Navigator.
Is Our Saviours Lutheran Development Corp Co Caring Housing Ministries legitimate?
Our Saviours Lutheran Development Corp Co Caring Housing Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Our Saviours Lutheran Development Corp Co Caring Housing Ministries submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Our Saviours Lutheran Development Corp Co Caring Housing Ministries?
Our Saviours Lutheran Development Corp's Caring Housing Ministries is dedicated to providing low-income housing and related facilities for elderly families and individuals. Recognizing their unique needs, the organization offers specialized services designed to enhance their physical, social, and psychological well-being, contributing to their overall health, security, and happiness. A significant portion of their rental income is sourced from the HUD's Section 8 Housing Assistance Program.
Who is the CEO of Our Saviours Lutheran Development Corp Co Caring Housing Ministries?
Marilyn L Chelsvig is the Vice President of Our Saviours Lutheran Development Corp Co Caring Housing Ministries. The CEO's salary of Our Saviours Lutheran Development Corp Co Caring Housing Ministries is $0 and their total compensation is $0.
What is the revenue of Our Saviours Lutheran Development Corp Co Caring Housing Ministries?
Our Saviours Lutheran Development Corp Co Caring Housing Ministries's revenue in 2023 was $2,194,119.
Who are the executives of Our Saviours Lutheran Development Corp Co Caring Housing Ministries and what are their salaries?
Here are 7 key members and their salaries (Our Saviours Lutheran Development Corp Co Caring Housing Ministries's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Our Saviours Lutheran Development Corp Co Caring Housing Ministries?
Our Saviours Lutheran Development Corp Co Caring Housing Ministries's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Our Saviours Lutheran Development Corp Co Caring Housing Ministries
Our Saviours Lutheran Development Corp Co Caring Housing Ministries is dedicated to serving the needs of elderly families and individuals. This nonprofit organization provides low-income housing and related facilities, going beyond the basics to cater to the physical, social, and psychological needs of its residents. By doing so, the organization contributes significantly to their health, security, and overall happiness. Notably, Our Saviours Lutheran Development Corp Co Caring Housing Ministries receives a substantial portion of its rental revenue from HUD under the Section 8 Housing Assistance Program. This financial support enables the organization to maintain its mission and continue providing high-quality, affordable housing to those in need.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Our Saviours Lutheran Development Corp Co Caring Housing Ministries is dedicated to providing low-income senior apartment housing in Glendale, CA. Serving approximately 104 residents, this organization offers a secure and supportive living environment with amenities such as security locked residence and in-house laundry facilities. Additionally, they provide programs and activities tailored to the needs and interests of the elderly residents.
By receiving a substantial portion of their rental revenue from HUD under the Section 8 Housing Assistance Program, Our Saviours Lutheran Development Corp Co Caring Housing Ministries ensures that elderly individuals and families have access to affordable housing that meets their physical, social, and psychological needs. This commitment contributes to the health, security, and happiness of those they serve, making a significant impact on the well-being of the community.
This information is meant to be a general summary of Our Saviours Lutheran Development Corp Co Caring Housing Ministries. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $7,566
- Program Service Revenue: $2,035,135
- Gross Receipts: $2,194,119
Assets and Liabilities:
- Total Assets: $4,546,071
- Total Liabilities: $817,905
- Net Assets: $3,728,166
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & Contracts Gov Agencies
Revenue
$1,625,770
Rents - Residents
Revenue
$409,365
Organization Details
Founding Year
1974
Phone
(818) 254-1414Principal Officer
Marilyn L Chelsvig
Main Address
800 N BRAND BLVD FLOOR 19, GLENDALE, CA, 91203
NTEE Category
Code: L21 - Housing
If you are a representative of Our Saviours Lutheran Development Corp Co Caring Housing Ministries and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.